TTG Index Charts & Out of the Box Stock Screen 7/21/23 $MCK $PSX
Out of the Box MarketWebs Screen
US Dollar +0.1% / 30yr Bonds +0.5% / Crude +1.25% & Nat Gas -0.6 Copper -0.3% / Cryptos slightly higher
Index Updates
At TTG, I use Volume At Price in my chart analysis and I use the MarketWebs Indicator to provide Value Areas which indicate significant support & resistance levels. Learn More Here about Volume At Price and the MarketWebs.
$ES_F - S&P futures - Daily chart: Price starting to consolidate around that VPOC take out (red line), which imo is quite normal . The RSI cooled a touched back down to 69
1hr chart: Price down to the top of Value Area for week and a bounce, support to watch 4559.75. A nice test & hold of support for now.
QQQ - NDX 100 ETF - Daily chart: Price higher this morning +0.6% after yesterday's move -2.3%. Price fell below its 5d MA (Moving Average) and next support to watch is the 20d MA and top of July Value Area, $371.25
1hr chart: Price fell right down to the level mentioned in yesterday's report, $376.09 and bounced.
IWM- Russell Small Cap ETF- Daily & Weekly Chart: Price down to the 5d MA and will watch to see if that holds. Price is above the last VPOC take out and price is now close to that Yearly Value Area (2nd chart) $195.87 - this is a big level to watch
Here is today’s TTG Proprietary Stock Screen “Out of the Box” using Volume At Price
Remember, I am only showing a few setups from the list here and review more in the TTG Trading Room. I provide a more detailed watchlist every weekend to start the week at TTG.
Charts
MCK Weekly & Daily chart
McKesson Corporation distributes pharmaceuticals, medical-surgical supplies, and health and beauty care products throughout North America. The Company also develops, implements, and supports software that facilitates the integration of data throughout the health enterprise. In addition, McKesson offers analytic, care management, and patient solutions for payers.(Bloomberg)
-suggested stop price $412 the TTG MarketWebs
PSX Weekly & Daily chart
Phillips 66 is a diversified energy manufacturing and logistics company. The Company's operations include oil refining, marketing, and transportation along with chemical manufacturing and power generation. Phillips 66 operates in the United States. (Bloomberg)
-suggested stop price $99 the TTG MarketWebs
Remember, this is just one type of screen / setup that I focus on in my analysis!
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